Victory margin key as stock traders ready for SA elections

fin24.com

- fin24.com | 2 months ago

Investors have been frustrated that, despite Ramaphosa’s good intentions, the South African economy remains “trapped in stagnation,” with a lack of political will to make the changes needed to escape from this, said Sandy McGregor, who helps manage R566bn at Allan Gray in Cape Town.

The key post-election issue is whether Ramaphosa will be “more assertive in implementing changes which he knows are necessary if the economy is to start growing again,’’ said McGregor. “Perhaps the most liberating aspect of the election will be that it is behind him.

’’Investors should keep an eye on the contest for control in South Africa’s nine provinces, said McGregor.

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